News Broadcasting
InNetwork encashes Baghban’s success
MUMBAI: Hinduja TMT’s wholly-owned subsidiary InNetwork Entertainment is reaping the benefits of Baghban’s success.
According to a company release, InNetwork association with the recent BR Chopra blockbuster Baghban is yielding good results with the film turning out to be a hit in both the domestic as well as the international circuits.
Apart from being a world right controller of the film for the next 10 years, InNetwork is entitled to 10 per cent of the total value for which various rights have been sold. This includes the total coverage and 40 per cent of producers’ share of overflow.
InNetwork, quoting trade reports, says the revenue of the film in the first eight weeks has been Rs 80 million (net) in the domestic market and a similar amount in overseas market.
While InNetwork has received Rs 12 million towards 10 per cent of total coverage, the company’s share of the overflow from producers’ account is expected to be in the region of Rs 10 million. The overseas rights of the film have been purchased and sold at a profit and the overflow over a minimum guarantee collection in the overseas market will also accrue to the company, says the release.
InNetwork’s similar project for Rahul Productions Hum Do Hamara Ek is expected to hit the screen in the first quarter of 2004. Some of the other ongoing projects of the company include Hindi films like Socha Na Tha, Ek Hasina Ek Diwana, Kyon Ho Gaya Na Pyar and Mehbooba .
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
